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SMB vs. VTES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SMB and VTES is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

SMB vs. VTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Short Muni ETF (SMB) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%SeptemberOctoberNovemberDecember2025February
1.21%
1.34%
SMB
VTES

Key characteristics

Sharpe Ratio

SMB:

1.85

VTES:

2.05

Sortino Ratio

SMB:

2.69

VTES:

2.89

Omega Ratio

SMB:

1.36

VTES:

1.43

Calmar Ratio

SMB:

1.36

VTES:

2.99

Martin Ratio

SMB:

11.55

VTES:

7.78

Ulcer Index

SMB:

0.30%

VTES:

0.40%

Daily Std Dev

SMB:

1.90%

VTES:

1.52%

Max Drawdown

SMB:

-12.64%

VTES:

-2.42%

Current Drawdown

SMB:

0.00%

VTES:

0.00%

Returns By Period

The year-to-date returns for both investments are quite close, with SMB having a 1.10% return and VTES slightly higher at 1.11%.


SMB

YTD

1.10%

1M

0.65%

6M

1.25%

1Y

3.61%

5Y*

0.92%

10Y*

1.28%

VTES

YTD

1.11%

1M

0.69%

6M

1.37%

1Y

3.13%

5Y*

N/A

10Y*

N/A

*Annualized

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SMB vs. VTES - Expense Ratio Comparison

SMB has a 0.20% expense ratio, which is higher than VTES's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for SMB: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for VTES: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

SMB vs. VTES — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMB
The Risk-Adjusted Performance Rank of SMB is 7979
Overall Rank
The Sharpe Ratio Rank of SMB is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of SMB is 8585
Sortino Ratio Rank
The Omega Ratio Rank of SMB is 8686
Omega Ratio Rank
The Calmar Ratio Rank of SMB is 5656
Calmar Ratio Rank
The Martin Ratio Rank of SMB is 8686
Martin Ratio Rank

VTES
The Risk-Adjusted Performance Rank of VTES is 8585
Overall Rank
The Sharpe Ratio Rank of VTES is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of VTES is 8888
Sortino Ratio Rank
The Omega Ratio Rank of VTES is 9191
Omega Ratio Rank
The Calmar Ratio Rank of VTES is 8787
Calmar Ratio Rank
The Martin Ratio Rank of VTES is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SMB vs. VTES - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for SMB, currently valued at 1.85, compared to the broader market0.002.004.001.852.05
The chart of Sortino ratio for SMB, currently valued at 2.69, compared to the broader market-2.000.002.004.006.008.0010.0012.002.692.89
The chart of Omega ratio for SMB, currently valued at 1.36, compared to the broader market0.501.001.502.002.503.001.361.43
The chart of Calmar ratio for SMB, currently valued at 3.85, compared to the broader market0.005.0010.0015.003.852.99
The chart of Martin ratio for SMB, currently valued at 11.55, compared to the broader market0.0020.0040.0060.0080.00100.0011.557.78
SMB
VTES

The current SMB Sharpe Ratio is 1.85, which is comparable to the VTES Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SMB and VTES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50SeptemberOctoberNovemberDecember2025February
1.85
2.05
SMB
VTES

Dividends

SMB vs. VTES - Dividend Comparison

SMB's dividend yield for the trailing twelve months is around 2.39%, less than VTES's 2.95% yield.


TTM20242023202220212020201920182017201620152014
SMB
VanEck Short Muni ETF
2.39%2.38%1.83%1.32%1.10%1.50%1.58%1.49%1.23%1.12%1.13%1.21%
VTES
Vanguard Short-Term Tax-Exempt Bond ETF Shares
2.95%3.00%2.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SMB vs. VTES - Drawdown Comparison

The maximum SMB drawdown since its inception was -12.64%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for SMB and VTES. For additional features, visit the drawdowns tool.


-0.80%-0.60%-0.40%-0.20%0.00%SeptemberOctoberNovemberDecember2025February00
SMB
VTES

Volatility

SMB vs. VTES - Volatility Comparison

VanEck Short Muni ETF (SMB) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) have volatilities of 0.43% and 0.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.30%0.40%0.50%0.60%0.70%0.80%SeptemberOctoberNovemberDecember2025February
0.43%
0.41%
SMB
VTES